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Large healthcare enterprises and specialty hospitals tap siemensfor next-generation revenue cycle m by airbru airbru





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Large healthcare enterprises and specialty hospitals tap siemensfor next-generation revenue cycle m by
Article Posted: 02/14/2013
Article Views: 115
Articles Written: 1137
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Large healthcare enterprises and specialty hospitals tap siemensfor next-generation revenue cycle m


 
Business,Business News,Business Opportunities
Malvern, Pa – Today, Siemens Healthcare has announced thatseveral large healthcare enterprises and specialty hospitals areturning to Siemens for next-generation enterprise revenue cyclemanagement. With Soarian® enterprise revenue cycle management,Siemens addresses organizational revenue cycle needs by helpingenterprises create a unified patient database and billing solutionfor physician practices and hospitals. Healthcare organizations cannow turn to Soarian to reduce the reliance on third-party, bolt-onsolutions, while preparing for a future that will include newpayment models such as accountable care and bundled payments.Soarian, built on a modern, 3rd generation service-orientedarchitecture, helps enable healthcare organizations to be agile andflexible as they adapt to rapid change. Siemens approach tonext-generation enterprise revenue cycle management supports theobjectives of the Agenda 2013 program, which is a two-year globalinitiative in the Siemens Healthcare Sector to help customers adaptand grow amidst a challenging environment for healthcarereimbursement.

Soarian enterprise revenue cycle is based on a contemporaryarchitecture that offers next-generation capabilities, includingenterprise-wide patient identification and scheduling, and a singlepoint-of-access for patient demographic and financial data. Soariansupports single-entity and multi-entity enterprises includingaffiliated physician practices. Embedded payor rules and anintegrated contract engine connect the entire enterprise revenuecycle in order to increase first-pass clean claims. Thecomprehensive capabilities in Soarian revenue cycle can reduce theneed for additional financial applications, which can reduce thecomplexity involved in maintaining multiple solutions anddatabases.

Many organizations are turning to Siemens to simplifythe revenue cycle and, today, Siemens announces that The Universityof Texas MD Anderson Cancer Center is the 100th organization topurchase Soarian Financials. MD Anderson Cancer Center recentlysigned a 10-year agreement for Soarian Scheduling, Patient Accessand Revenue Cycle, Soarian Physician Revenue Cycle, and SoarianEDI/EDM. The mission of The University of Texas MD Anderson Cancer Center isto eliminate cancer in Texas, the nation, and the world throughoutstanding programs that integrate patient care, research andprevention. One benefit of leveraging Soarian across the enterpriseis that MD Anderson Cancer Center will be able to use one unifiedsolution for billing across the enterprise, which will enable themto generate a single bill for patients, without relying on abolt-on third-party service to combine charges.

Siemens also recently signed a six-year extension with the NorthShore-LIJ Health System, the country"s second-largest,non-profit, secular healthcare system. The deal brings a unified,contemporary architecture to enterprise revenue cycle that extendsacross the entire health system. The deal also brings SoarianPhysician Revenue Management and Scheduling to the Faculty PracticePlan, which consists of more than 2,200 physicians at 245 locationsthroughout the New York metropolitan area. As a result, patientswill now only receive one bill for services at North Shore-LIJprovider facilities, not multiple bills.

In Atlanta, Shepherd Center, a 132-bed specialized rehabilitationhospital for spinal cord and brain injury, recently signed a 5-yearextension to migrate to a full suite of Soarian Clinicals andSoarian Financials. The move is expected to eliminate redundanciesin documentation, to reduce the number of disparate systems, and topromote a continuum of patient care enabled through a unifiedapproach to health IT. The fully integrated solution will supportprocess and workflow efficiencies that will also leverage a strongdata analytics push to support research and quality measurereporting. In Baton Rouge, La., Baton Rouge General Medical Center, a 544-bedhealth system, signed a 10-year contract extension to replace adisparate mix of outsourced health IT solutions with a completesuite of Soarian Enterprise Revenue Cycle Solutions.

Baton RougeGeneral Medical Center chose to have the solutions hosted out ofSiemens medical-grade Healthcare Computing Center (HCC). Siemenshas more than 40 years of history hosting health IT solutions froma private, medical-grade cloud environment and Baton Rouge GeneralMedical Center will be able to deploy their revenue cycle tools ata lower total cost of ownership compared with on-site hardwareoptions. New Webcast Series: "A Next Generation Revenue CycleSolution...Today" Siemens recently launched a five-episode Webcast series thatdiscusses Soarian's unique capabilities as a next-generationrevenue cycle solution. The series describes some of the keydifferentiators that should be considered as healthcareorganizations position themselves for the future. The series willconvey Soarian Financials' transformative capabilities and itscontinued momentum in the market.

Individuals may register for newWebcasts and watch replays through Siemens Revenue Cycle Gateway, usa.siemens.com/rcgateway . For more information about Soarian, visit usa.siemens.com/soarian .

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